The expansion of innovative digital services, combined with effective oversight and supervision, can help close the gap in financial inclusion by expanding the scale, scope and reach of financial services access and usage. This can help reach the 200 million businesses and 2 billion adults financially excluded and underserved worldwide.

Focusing on the first four overarching HLPs—(1) Promote a Digital Approach to Financial Inclusion; (2) Balance Innovation and Risk to Achieve Digital Financial Inclusion; (3) Provide an Enabling and Proportionate Legal and Regulatory Framework for Digital Financial Inclusion; and (4) Expand the Digital Financial Services Infrastructure Ecosystem—this report analyses the increasing pace and complexity of innovation and adoption of digital technologies in the financial sector, guided by the principle that policy and regulatory approaches must also evolve and be tailored to country contexts.

DATA

The G20 Financial Inclusion Indicators assess the state of financial inclusion and digital financial services, nationally and globally. The data, which measures accessibility, use, and quality of financial services, can be used by countries to support their financial inclusion goals.